The cost reconciliation report is attached with solution in the form of image.
What is cost reconciliation?
A manufacturing company may choose to use an integrated or non-integrated accounting system. Because only one set of books is maintained under the Integrated Accounting System to record both costing and financial transactions, both cost accounts and financial accounts produce comparable outcomes under this system. However, non-integral accounting systems keep distinct records for costing and financial transactions, which can lead to a variety of outcomes, such as profits or losses. In other words, if a company maintains its cost accounts and financial accounts separately, the profit or loss indicated by the cost accounts may not coincide with the profit or loss indicated by the financial accounts.In this case, it is necessary to prepare a statement known as a Cost Reconciliation Statement to reconcile the profits or losses reported independently by cost accounts and financial accounts.
The cost reconciliation report is attached with solution in the form of image.
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between the price of $10 and $14 supply is inelastic. what does this statement mean
This statement means that within the price range of $10 to $14, the supply of the product or service is relatively unresponsive to changes in price. In other words, a change in price within this range would not significantly affect the quantity of the product or service that suppliers are willing to produce and offer for sale.
Inelastic supply typically occurs when it is difficult or costly for suppliers to adjust their production levels in response to changes in price. For example, if the production of a product requires specialized equipment or resources that are limited in supply, then suppliers may not be able to quickly increase their output even if the price of the product rises. In such cases, a higher price may only result in a small increase in the quantity supplied, if any.
On the other hand, if the supply is elastic, then a small change in price would result in a relatively larger change in the quantity supplied, indicating that suppliers are more responsive to changes in price.
Consider a bargaining game among three political parties (each party is a player). There is a finite number of periods T, numbered 1, ... T. In each period, one party is a proposer, one is a responder, and one is a bystander. The proposer makes an offer to the responder, who may then accepts or reject. If the responder accepts then the offer is implemented and the game ends. If the responder rejects, the bystander makes an offer to the responder, who may then accept or reject. If the responder accepts, the offer is implemented and the game ends. If the responder rejects, the game continues to the following period unless it is period T, in which the game ends. If the game ends without
an offer being accepted, all parties get 0. Suppose the Small Change Party is always the responder, and that each period begins
with a flip of a coin to determine which of the two remaining parties (named "Heads" and "Tails") will be the proposer (with the other being the bystander). Normalize the total value to be divided amongst the parties to 1, and suppose that a proposal specifies an amount x for the proposer and an amount y for the responder (with any residual 1-x-y for the bystander). Proposals must give each party at least 0, and cannot allocate more than 1
total across all parties.
a.
Suppose that T = 1, i.e. there is only one period. Characterize the subgame perfect
Nash Equilibrium strategies for each player. b. Suppose that T > 1, i.e. there is more than one period, but a finite number of periods. Suppose that the coin is not fair and the Tails party always has a chance of p > ½ of winning a coin flip. Characterize the subgame perfect Nash Equilibrium. What offer is accepted, and in which period? How does the answer
depend on p? How does it depend on T?
a. When T = 1, the subgame perfect Nash equilibrium strategy for each player depends on their preferences and payoffs. b. When T > 1, the subgame perfect Nash equilibrium can vary based on the value of p and the number of periods T.
a. When T = 1 (only one period), there is no future interaction or possibility of continuation. In this case, the subgame perfect Nash equilibrium strategy for each player depends on their preferences and payoffs. The Small Change Party (responder) will accept any offer that gives them a positive payoff (greater than 0). The proposer (either Heads or Tails) will make an offer that maximizes their own payoff, subject to the constraint that the responder accepts the offer. The bystander will not have a direct role in decision-making since they are not involved in the offer.
b. When T > 1 (multiple periods) and the coin is not fair, with the Tails party having a chance p > 1/2 of winning a coin flip, the subgame perfect Nash equilibrium can vary based on the value of p and the number of periods T. The specific offer accepted and the period in which it occurs will depend on these factors.
To analyze the equilibrium, we need to consider backward induction, starting from the last period (T) and working backward to the first period. In the last period (T), if the responder (Small Change Party) is offered a positive payoff, they will accept the offer since there are no more periods left for improvement. The proposer in that period will make an offer that maximizes their own payoff while ensuring the responder's acceptance.
In the previous period (T-1), if the responder rejects the proposer's offer, the bystander (the party not involved in the proposal) becomes the proposer. The proposer will make an offer that maximizes their own payoff while considering the chances of winning the coin flip and the responder's acceptance.
This backward induction process continues until the first period, taking into account the chances of winning the coin flip, the preferences of each party, and the offers made in each period.
The specific offer accepted and the period in which it occurs will depend on the values of p and T. Higher values of p increase the likelihood of the Tails party winning the coin flip, which may affect the proposals made and accepted. The number of periods T also plays a role since it determines the length of the game and the opportunities for offers and acceptance.
To determine the exact equilibrium offers and periods, a more detailed analysis considering specific payoff functions, probabilities, and preferences would be required.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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The ____________ says that retailers should offer low prices to get faster turnover and greater sales volumes by appealing to larger markets.
A.Wheel of retailing theory
B.Production concept
C.Mass-merchandising concept
D.Sales concept
E.Primary industry theory
The Wheel of Retailing theory suggests that offering low prices and high turnover can be an effective strategy for retailers looking to increase their sales volumes and appeal to larger markets. (option a).
According to the Wheel of Retailing theory, retailers typically start out as low-priced, low-margin operations. As they gain more customers, they begin to offer more services and amenities, which increases their costs and prices. This allows new low-priced retailers to enter the market and start the cycle over again.
By constantly offering low prices, retailers can increase their sales volume and turnover. Turnover refers to the speed at which products are sold and replaced with new inventory. High turnover means that products are sold quickly and efficiently, reducing the amount of inventory that needs to be stored and minimizing the risk of overstocking.
The Wheel of Retailing theory suggests that retailers who offer low prices and high turnover can appeal to larger markets, which can lead to greater sales volumes and profits. However, this strategy is not without its challenges.
Then the correct option is (a).
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How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.
Answer:B.Objectives provide a step-by-step path to success.
Explanation:
what are some strategies that you can use to prepare to file taxes each year? What would be he benefits of these strategies?
Strategies which can be used to prepare for filing taxes each year are by keeping a proper record of expenses and receipts by filling them out, sorting out each piece of documentation that will be required at the time of filing tax, and one can create folders and sub-folders also.
The benefits of these strategies are:
It will help in avoiding added penalties or interests.
It will keep track of future refunds.
A portion or the entire refund can be used to pay back any owed taxes, among other things.
What is tax filing?"Tax filing" or "tax return" means filing a document with a tax authority. In that document, reports about income, expenses, and information about other financial activities are filled in.
Filing a tax return is entirely dependent on income. There are certain guidelines within which one can file a tax.
Therefore, with the usage of strategies, one can prepare tax file each year.
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Cameron's job is to look over the every department in the company to
make sure the company is running effectively. What is Cameron's career?
Chief Financial Officer
O Chief Executive Officer
Chief Execution Officer
O Chief Focal Officer
Answer:
O Chief Executive Officer
Explanation:
The chief executive officer, commonly abbreviated as CEO, is the most senior officer in a company or an organization. The CEO is responsible for creating and implementing the organization's strategic goals. He or she plans, incorporates, and steers all business units and departments in the desired direction.
The CEO is responsible for the overall prosperity of the company. He or she is tasked with making top-level managerial decisions on behalf of the organization.
fill in the blank _______ it is efficient to have every user on your business network use one password for network access, e-mail, and vpn.
It is not recommended to have every user on your business network use one password for network access, e-mail, and VPN.
While it may seem like an efficient solution, it poses a significant security risk for your business. If a hacker or an unauthorized individual gains access to the shared password, they will have access to all sensitive data and confidential information available on your network. Additionally, if an employee with access to the shared password leaves your company, it may be difficult to revoke their access and ensure the security of your network.
Therefore, it is crucial to enforce strong password policies and ensure that every user has a unique password for their accounts. This will help prevent unauthorized access and keep your business's sensitive information safe. It is not efficient to have every user on your business network use one password for network access, e-mail, and VPN. Using a single password for all users poses significant security risks and makes it easier for unauthorized access to occur. Instead, each user should have a unique, strong password for each of these services to maintain a secure business environment.
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You have been asked to determine how long a project will take to be completed. This project consists of 11 tasks of varying time durations (measured in days) that must all be completed. Unfortunately, not all tasks can be done at the same time (although some can be done in parallel); certain predecessor tasks must be completed before others can be started. The table below gives the duration and predecessors for each task. Thus, for example, task J cannot begin before each of tasks F,G, and H are completed. (a) Draw the network diagram. (b) Formulate a data-specific linear program to find the quickest time that the entire project is completed. You do not need to solve the linear program-just provide the formulations.
(a) The network bgram for the project can be created by representing each task as a node and drawing arrows to indicate the dependencies between tasks.
(b) To formulate a data-specific linear program, we can define decision variables for each task indicating the time it takes to complete that task. We then set up constraints based on the dependencies between tasks, ensuring that the completion time for each task is greater than or equal to the sum of the completion times of its predecessors. The objective is to minimize the total completion time of the project.
In mathematical terms, let:
xi be the completion time for task i, where i = A, B, C, D, E, F, G, H, I, J, K.
di be the duration of task i.
The linear program can be formulated as follows:
Minimize: xK (the completion time of the project)
Subject to:
xJ ≥ xF + xG + xH
xI ≥ xF + xG + xH
xH ≥ xC + xD
xG ≥ xC + xD
xF ≥ xA
xE ≥ xB
xD ≥ xA
xC ≥ xB
xB ≥ xE
xA ≥ 0
Each constraint represents the dependency between tasks, ensuring that the completion time of a task is greater than or equal to the sum of the completion times of its predecessors. The objective is to minimize the completion time of the project, which is represented by xK.
The formulation aims to find the quickest time to complete the entire project by optimizing the task completion times while respecting the dependencies.
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Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
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Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
A lakefront home sold for $385,000. The Broker received $27,912.50. What rate of Commission did this broker charge?
a. 7 ¼ %
b. 8.5%
c. 10%
d. 14%
Rate of Commission this broker charged is 7.25%. The correct option is a.
A commission is a sum of money given to a broker or salesperson in return for their assistance in facilitating a transaction, such as the sale of a good or service. The incentive to earn more money based on the sale's value serves as a motivator for the salesperson or broker to close the deal.
commission = $27912.50
sale price = $385,000
commission = rate x sale price
27912.50 = rate x 385000
Dividing both sides by 385000
rate = 27912.50 ÷ 385000
rate = 0.0725
rate = 7.25%
The correct option is a.
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For an in-state resident, the average cost of tuition for earning a bachelor's degree from a public college or university is?
a. comparable to the average cost of tuition at a private college or university in the
same geographic area
b. more than $36,000
c. higher than the average cost of tuition for out-of-state residents
d. approximately $125,000
For an in-state resident, the average cost of tuition for earning a bachelor's degree from a public college or university varies significantly based on several factors such as the institution, location, and degree program.
However, in general, the average cost of tuition for in-state residents at public colleges and universities tends to be lower compared to out-of-state residents and private colleges or universities.
Option a. Comparable to the average cost of tuition at a private college or university in the same geographic area: This option is unlikely to be the case for most public colleges and universities. Private colleges and universities typically have higher tuition fees compared to public institutions, even in the same geographic area. Public institutions receive funding from the state government, which helps keep tuition costs lower for in-state residents.
Option b. More than $36,000: While the cost of tuition for in-state residents can vary, it is generally lower than $36,000. Many public institutions have tuition rates below this threshold, especially when considering four-year bachelor's degree programs.
Option c. Higher than the average cost of tuition for out-of-state residents: This option is generally incorrect. Out-of-state residents typically pay higher tuition rates compared to in-state residents. Public institutions often have a higher tuition fee structure for non-residents to compensate for the lack of state funding.
Option d. Approximately $125,000: This option is not accurate. While the cost of earning a bachelor's degree can accumulate to a significant amount due to additional expenses such as room and board, textbooks, and other fees, the average cost of tuition alone for in-state residents at public colleges and universities is typically much lower than $125,000.
It's important to note that tuition costs can vary significantly among different public colleges and universities. It is advisable to research and consult the specific institutions of interest to obtain accurate and up-to-date information regarding their tuition fees for in-state residents.
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Question 6 of 20
What is outsourcing?
A. Keeping trade secrets from competing organizations
B. Hiring workers outside the company to work on a temporary basis
C. Maintaining a balance between work life and personal life
O D. Sending instructions to a computer in another location
McGlone Corporation had a 1/1/17 balance in the Allowance for Doubtful Accounts of $40,000. During 2017, it wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. The balance in Accounts Receivable was $800,000 at 1/1 and $960,000 at 12/31. At 12/31/17, McGlone estimates that 5% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/31/17
Answer:
$48,000
Explanation:
The computation of the amount that should be reported as its allowance for doubtful accounts is shown below
= Ending balance of account receivable × uncollectible percentage
= $960,000 × 0.05
= $48,000
hence, the amount that should be reported as its allowance for doubtful accounts is $48,000
The above formula should be applied
The ""field trip to mars"" campaign to promote lockheed martin is an example of ________ advertising.
Based on the advertising analysis, the "field trip to mars" campaign to promote Lockheed martin is an example of Out-of-Home advertising.
This is because Out-of-Home advertising is a type of advertising that involves the producer or seller making advertisements that people can only see when they are out of the home.
The field trip to Mars campaign involved people entering a bus without headsets then experiencing a visual reality of Mars.
People can only see this advertisement when they are out of their homes.
Hence, in this case, it is concluded that the correct answer is "Out-of-Home advertising."
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The rule of supply and demand says that
A. as price increases, demand decreases
B. supply and demand both increase with price
C. as demand increases, price increases
D. as demand decreases, price increases
Answer:
The answer is C
Explanation:
Let's say that we have 100 cars unique in the world and each car's value is 10000$. Now, let's say that you have 3 cars like the last ones, 3 cars unique in the world? You won't sell them at 10000$, you have to increase the price because the cars are very rare.
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the
Answer:
Civic 50.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the civic 50. It was launched in the United States of America in 2012 and is a program designed and established to recognize and honour the fifty (50) most philanthropic, community-minded or socially responsible companies in the United States of America each year, determined by True Impact through an annual survey. These fifty (50) companies are selected based on this criteria; investment, integration, institutionalization and impact.
What are the 5 advantages of writing out a budget?
Explanation:
Provides You 100% Control Over Your Money.
Let's You Track Your Financial Goals.
Budgeting Will Open Your Eyes.
Will Help Organize Your Spending.
Will Help Create a Cushion for Unexpected Expenses.
Budgeting Makes Talking About Finances Much Easier.
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What is the most advanced type of traditional postsecondary degree? a. bachelor's degree b. master's degree c. associate degree d. doctoral degree
Answer: d. doctoral degree
Explanation: A doctorate degree is the highest traditional academic degree.
What does it mean to use diverse marketing strategies?
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation:
for business and personal finance: What is insurance?
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
When journalizing an Accounts Payable account, what account is credited?
O A. Accounts Receivable
OB. Cash
C. It depends on the transaction.
D. Accounts Payable
SUBMI
When journalizing an Accounts Payable account, the account credited is
D. Accounts Payable.What is account payable?Accounts Payable is a liability account representing money owed by a company to its vendors and suppliers for goods or services received on credit but not yet paid for.
When an invoice is received from a vendor, the company records it as a credit to Accounts Payable and a debit to the appropriate expense or asset account. When the invoice is paid, the company records a debit to Accounts Payable and a credit to Cash (or another payment method).
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mention the interest rate in home loans
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
which revolutioon most directly addressed the unequal sitribution of economic opportunity and resoruces
The revolution that most directly addressed the unequal distribution of economic opportunity and resources is the Industrial Revolution. The Industrial Revolution was a period of rapid economic growth and industrialization that took place during the 18th and 19th centuries.
It led to the development of new technologies, such as the steam engine, that revolutionized the way goods were produced and distributed. This led to an increase in the availability of goods and a decrease in their cost, which in turn led to an increase in economic opportunity for many people. However, it also led to an unequal distribution of resources, as the wealthy were able to accumulate more wealth while the poor were left behind. This unequal distribution of economic opportunity and resources was one of the main drivers of the Industrial Revolution and continues to be an important issue in modern times.
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A company's mission statement typically addresses which of the following questions? What approach should we take to achieve sustainable competitive advantage? What objectives and level of performance do we want to achieve? Who are we? What do we do? and Why are we here? Where are we going and what should our strategy be?
A company's mission statement typically addresses the following questions:
Who are we? (Identity)
What do we do? (Core business)
Why are we here? (Purpose)
Where are we going and what should our strategy be? (Vision and strategic direction)
The mission statement provides a concise statement of the company's purpose and its reason for existence. It outlines the company's identity, core business activities, and its long-term goals and aspirations. The mission statement helps guide the company's strategic decisions and serves as a reference point for stakeholders to understand the company's values and objectives.
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Minakshi and kanchal are two real sisters.Minachi is an author and kanchan a business woman.Kanchan has developed a new technique which is very useful for their business. Both the sisters are experts in their respective fields. Minakshi learnt from someone that some people were coping her written work (literary creation). Kanchan also learnt from some that the other businessmen were taking advantage of their creations. One of their lawyer friends advised them that both of them were the owners of a special property and the government had provided them with a legal security they could get rid of their worry by taking advantage of this facility.
In this case, both Minakshi and Kanchan should pursue IPR protection to safeguard their literary and business creations.
Minakshi and Kanchan are real sisters, one an author and the other a businesswoman. Kanchan has developed a new technique that is highly beneficial to their business. Both sisters are specialists in their fields. Someone informed Minakshi that some people were plagiarizing her literary work, while someone informed Kanchan that other businessmen were taking advantage of their creations.
One of their lawyer friends advised them that they were both owners of a unique property and that the government had provided them with legal protection. They could get rid of their concerns by taking advantage of this opportunity. The lawyer friend was most probably referring to Intellectual Property Rights (IPR).Intellectual Property Rights(IPR) refers to the legal rights that arise from human innovation and creativity in the industrial, scientific, literary, or artistic fields. Intellectual Property Rights are available in several forms, including patents, trademarks, copyrights, and designs. They are intended to safeguard inventions, literary and artistic works, symbols, and designs from being exploited without the owner's permission. IP rights encourage creativity, innovation, and development while still rewarding and protecting them.
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How does collaboration demonstrate professionalism
Answer: Collaboration allows people with different backgrounds to bring their expertise to the workplace, creating a larger talent pool and increasing the possibility that problems will be solved by drawing from these diverse backgrounds.
Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer?
Answer:
$30.2
Explanation:
The current annual salary for Ben Thomas is $15,090. the weekly salary will be $15,090 divide by 52
=$15,090 / 52
=$290. 2
The new annual salary at the Ford dealer is $16,660
Weekly salary is the annual salary divided by 52
= $16,660 / 52
=$320.4
Ben Thomas will earn much more by:
=$320.4 - $290. 2
=$30.2